What is Ransomware?
Ransomware is a type of malicious software designed to block access to a computer system or data until a ransom is paid. This can happen to anyone, from individuals to large corporations. For instance, in 2020, the global cost of ransomware was estimated to be around $20 billion, showing how widespread and damaging these attacks can be.
How Does Ransomware Work?
Typically, ransomware infects a system through phishing emails, malicious attachments, or compromised websites. Once inside, it encrypts the victim’s files, making them inaccessible. The attacker then demands a ransom, usually in cryptocurrency, to decrypt the data.
Real-World Examples
One notable example is the WannaCry ransomware attack in 2017, which affected over 200,000 computers across 150 countries, causing billions in damages. Another is the 2021 Colonial Pipeline attack, where a ransomware attack led to fuel shortages and significant economic impact.
How to Stay Secure
- Regular Backups: Frequently back up your data to an offline location. This ensures you can recover your information without paying the ransom.
- Use Strong Passwords: Implement complex, unique passwords for all accounts.
- Update Software: Keep your software and systems updated to patch vulnerabilities.
- Educate Yourself and Your Team: Be aware of phishing schemes and suspicious links.
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Ransomware is a type of malicious software designed to block access to a computer system or data until a ransom is paid
How InTech North Can Help
At InTech North, we provide comprehensive IT Consulting & Advisory services to safeguard against ransomware. Our experts can help you implement robust security measures, including regular backups, encryption, and staff training. We stay updated on the latest threats and solutions, ensuring your systems are protected against even the most sophisticated attacks.
Even if we do not talk about 5G (specifically), the security talent in general in the country is very sparse at the moment. We need to get more (security) professionals in the system.